Market Movers, August.29th. British Parliament To Shut Down For The Longest Session In 400 Years

Dow closes up 324 points, volume 212,189,486

https://web.archive.org/web/20190829232953/https://www.nationalgeographic.com/culture/topics/reference/dramatic-history-prorogation-british-parliament/

Ollie’s Bargain Outlet stock plunges more than 25% as earnings miss, annual forecast is cut Marketwatch, Down 27% on 15.771M shares

“So-Young International Inc. (SY) Misses Q2 EPS by 2c, Revenues Beat; Offers Q3 Revenue Guidance Below Consensus”, Streetinsider. Down 33% on 3.11M shares

Realogy slumps 13% after disclosing end of USAA program seekingalpha. Closed down 22% on 11.344M shares

Tariffs could take $6M bite out of Abercrombie & Fitch Co. bottom line down 15% on 14.151M shares

Golar LNG (GLNG) Reports Q2 Loss, Misses Revenue Estimates down 14% on 5.186M shares

Pernod Ricard to Acquire Castle Brands for $223 Million top of the list, 31 million shares

AEZS up 15%, no news. Volume 251,485

Shoe Carnival +17% after strong outlook

“Art Cashin says relying on the yield curve inversion as a recession signal is ‘suspect’ this time”, CNBC

Nutanix +13.5% after Q4 surprise Seekingalpha. Volume 26.378M

GMS Inc. (GMS) Tops Q1 EPS by 6c, Revenues Beat

“Burlington Stores, Inc. Reports Second Quarter 2019 Results Above Guidance and Increases Full Year 2019 Sales and Adjusted EPS Outlook”, Globenewswire. Ended the day up 18% on 5.046M massive gain

Very hot market today

Elastic N.V. Reports Strong First Quarter Fiscal 2020 Financial Results“, Dutch News. Up 10% on 4.461M

“Bed Bath & Beyond hires Goldman Sachs to explore asset sales” CBS
“Among the Bed Bath & Beyond assets the company could choose to sell include its Cost Plus World Market division, The Deal’s Ronald Orol reports (subscription required). A former executive with the retailer, teaming up with a private equity firm, has offered $250 million for the unit, which Bed, Bath & Beyond bought in 2012 for $495 million”. Read more

Chinese troop movement into Hong Kong prompts unease, Guardian

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